Analyst Articles
Cannabis Stocks Declined -9.9% in May; Now -43.7% YTD
The largest Canadian Licensed Producers (LP), as tracked in the Canadian Pure-play LP Pot Stock Index, is down by 15.6% in May. [more]
Aurora
Analyst Articles
Marijuana Stocks Have Declined In Past 2 Weeks – Here’s Why
The U.S. House of Representatives passed the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act on March 25th and that initially led investors hoping for quick passage of a Senate bill to match the bill passed in the House. Last week, however, Senate Majority Leader Chuck Schumer said he would not be introducing the Senate’s version of the House’s act, called the Cannabis Administration & Opportunity Act (CAOA), until toward the end of April. [more]
Analyst Articles
Quarterly Cannabis Update – Impairments, Financings, Partnerships, M&A, and Other Deals
Cannabis stock prices continue to be under pressure as the overall market struggles to find footing amid the coronavirus crisis with numerous companies announcing impairments, write-downs, deal adjustments, and financings. However, some companies continue to execute partnerships and launch new retail stores. [more]
Analyst Articles
Canopy Reports F2020 Earnings, Burning More Than $1.3B and Decreasing Canadian Production Capacity by 40%
Canopy Growth, the largest cannabis company in the world based on market cap, reported full year earnings for F2020, with a 73% increase in revenue year-over-year, however, its bottom line reached over C$1 billion in losses due to restructuring initiatives, costing upwards of C$700 million. [more]
Analyst Articles
Cannabis Update – Aurora Enters US Market, Hexo to Raise $50M and More
Other major events and reports related to the cannabis industry include: Cannabis Treatments for COVID-19; Canopy Growth loses two executives; Green Thumb Industries triples revenue; Tilray hopes to be profitable by year-end; United Cannabis files for bankruptcy. [more]
Analyst Articles
Cannabis Update: Lay Offs, Facility Closures, Write-downs, U.S. Exchange Delisting, and Retail Store Closures
Aurora lays off 500 employees and writes down $1B; Hexo dismisses 200 employees and writes down $270M; Canopy closes two facilities with 500 employees and stops plans for third facility; many U.S. listed cannabis companies fall under $1/share; Canopy closes all retail stores. [more]
Analyst Articles
Top Cannabis Companies Have Fallen 50% in Value in Past Year – Will They Ever Recover?
Cannabis companies saw their stock prices fall quarter after quarter as the top nine cannabis companies are currently on average half the value of what they were one year ago. [more]
Analyst Articles
Aphria’s Stock Spiked 34% With Positive Q4 Earnings While Competitors Continue To Lose Millions
Aphria reported FQ4/2019 earnings which beat analyst expectations, surprising the whole cannabis industry as the rest of the cannabis market has seen stock price decline for several months. [more]